Credit-Pre Compliance Submission Transmittal Summary {PHFA-51} | Pdf Fpdf Doc Docx | Sandberg Phoenix

Credit-Pre Compliance Submission Transmittal Summary {PHFA-51}

Credit-Pre Compliance Submission Transmittal Summary {PHFA-51} | Pdf Fpdf Doc Docx | Sandberg Phoenix

Credit-Pre Compliance Submission Transmittal Summary Form

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This is a Sandberg Phoenix form that can be used for Pennsylvania within Real Estate.

March 2006 PHFA Form 51 CREDIT/PRE-COMPLIANCE SUBMISSION TRANSMITTAL SUMMARY FOR: PHFA SERIES ____________ - _____________________ SUBISSUE ISSUE CONVENTIONAL FHA VA RHS RHS-BUYDOWN (Circle type of financing) This loan is NOT to be scheduled for closing until approved by the Agency Last Name, First Name, M.I. / LENDER SS# of Borrower(s) TO Lender Information COMPLETE ALL BLANKS IN THIS SECTION (PRINT LEGIBLY OR TYPE) Name of Lender: ________-________-________ Branch Location: Contact: ________-________-________ Subject Property located in Tel. #: (______) County Underwriting Ratios ____.____% / ____.____% Credit Score:_____/______ Loan Amount: $ DATE MAILED: LTV Ratio _____.____ % * * If conventional and this ratio is greater than 80%, Name of PMI Co. & Cert. # Submit this PHFA transmittal summary on top of the ORIGINAL or LEGIBLE copies of the following items, in the order listed below, top to bottom, fastened at the TOP left corner by a BINDER CLIP (do NOT place in a file folder) and submit to the attention of the Homeownership Programs Division/Originations OR, if Pennsylvania Housing Insurance Fund credit enhancement is required, submit to PHIF. by REGULAR by OVERNIGHT PHFA PHFA mail to: Homeownership Division mail to: Homeownership Division 211 N. Front Street OR P.O. Box 8029 Harrisburg, PA. 17101 Harrisburg, PA 17105-8029 Lender to " "Line if appropriate ___ Modification funds Request with complete contract, plans and Specs. _____ _____ A. CREDIT 1. Desktop Underwriter, Loan Prospector or CLUES Findings Report 2. Proof of loan insurance/guarantee: a. Private Mortgage Insurance Certificate: Conventional b. Signed Mortgage Credit Analysis Work sheet (HUD 92900-WS) or Firm Commitment: FHA c. Signed Loan Analysis (VA 26-6393):VA ___ d. Signed Conditional Commitment: RHS 3. FNMA Transmittal Summary (FNMA Form 1008 11/92): Conventional and RHS 4. Buydown Agreement: RHS 4a. Uniform Residential Loan Application (FNMA Form 1003 10/92) 4b. HUD/VA Addendum to the Uniform Residential Loan Application: FHA/VA only 5. Veteran's Certificate of Eligibility (VA 26-1870, 26-8320 or 26-8320-1): VA 6. Verification of VA Benefit-Related Indebtedness (VA 26-8937): VA (if applicable) 7. Residential Mortgage Credit Report with Credit Score or 3 merged reports with Credit Score 8. Verification of Deposit or 3 months current bank statements 8a. Piggyback loans (80/10/10/, 80/15/5-circle one) Copy of Commitment letter for the second mortgage per PHFA guidelines (if applicable) 9. Gift Affidavit 10. Verification of Employment 11. Divorce Decree/Agreement of Child Support/ Spousal Support 12. Co-Signer Documentation a. Uniform Residential Loan Application b. Residential Mortgage Credit Report c. Verification of Employment 13. Executed Agreement of Sale/Construction Contract ______ 13a. FHA/VA Amendatory Language of Agreement of Sale (FHA/VA) 13b. Deed, Settlement Sheet or Agreement of Sale for Land 14. Applicable Appraisal Report (FNMA form 1004, 1004B or 1073): a. Conditional Commitment/Statement of Appraised Value (HUD 92800.5B) b. Certificate of Reasonable Value (VA 261843) or Notification of Reasonable Value c. Endorsement to CRV (VA 266363):VA d. Housing Quality Standards Questionnaire: HOMEstead (HS-Apdx 5) e. Evidence of DCA Insignia 15. Good Faith Estimate of Settlement Costs B. PRE-COMPLIANCE 1. Mortgagor's Affidavit: (form 3) a. FHA Addendum: FHA (form 3a) b. VA Addendum: VA (form 3b) 2. Seller's Affidavit (if available at underwriting, (form 3, addendum d, page 6) 3. Needs Assessment Form: KP (f-56) 4. Needs Assessment Form: Access DP/CCA (f-61) 5. Verification of Counseling (Certificate needed for borrowers with credit scores below 660) 6. Notice to Sellers: HOMEstead (HS-Apdx 7) ______ (HS-Apdx= HOMEstead guidelines Appendix reference) (f = Sellers Guide Form reference) (KP-Keystone Home Loan PLUS program) F O R P H F A U S E O N L Y PENDED - Will be CONSIDERED upon receipt of the following item(s): DENIED for the following reason(s): Faxed By: ______ Date: ________ PHFA: Date: American LegalNet, Inc. www.FormsWorkflow.com